AT least two firms have formally expressed interest to participate in the public bidding of unused Malampaya natural gas, more known as banked gas. Philippine National Oil Co. (PNOC) Executive Assistant Jannefer Pelayo said on Wednesday one foreign firm and one local firm are interested to buy the banked gas comprising of 97.67 petajoules from the state…
Tag: natural gas
Meralco-First NatGas power supply deal gets ERC go signal
THE Energy Regulatory Commission (ERC) has granted Manila Electric Co. (Meralco) and First NatGas Power Corp. (FNPC) the authority to implement their power supply agreement (PSA) in an “interim relief” that sets certain conditions. “In the event that the final rate is higher than that granted in the interim, the resulting additional charges shall be…
First Gen restores quake-hit Batangas facility
First Gen Corp said Wednesday it restored one of two facilities that connect its natural gas plants to the national grid, less than two weeks after the Batangas earthquake. Unit 60 of the San Lorenzo Switchyard was “resynchronized to the grid and has resumed operations” while Unit 50 will be restored “in the coming days,”…
DoE bats for law to tap Malampaya fund
THE Department of Energy (DoE) has called for the immediate passage of legislation that will allow the government to tap into its accumulated share in the revenue from the offshore Malampaya natural gas project. In a briefing on Thursday, Energy Undersecretary Felix William B. Fuentebella said there is an urgent need for a law that…
PNOC mulls options for sale of banked gas
State-run Philippine National Oil Co. (PNOC) is exploring several options for the government’s unused Malampaya natural gas, more commonly known as banked gas, its top official said. PNOC president Reuben Lista said the government’s share of banked gas will still be sold but the state-run firm is looking at other options to use the fuel….
Philippines urged to come up with energy mix soon
Coming up with an energy mix policy should be among the priorities of the Philippine government in order to shield consumers from price surges affecting specific power plant fuels like coal, Lopez-led First Gen Corp.’s top official said. The call was made as prices of coal, the dominant fuel for Philippine power plants, have turned…
Expanded Bat-Man sole energy project in PPP pipeline
A Single energy project is expected under the public-private partnership (PPP) program, which is an expanded version of the earlier Batangas-Manila Natural Gas Pipeline project, the PPP Center’s top official said. The Bat-Man project is still being processed under the PPP program, PPP Center executive director Ferdinand Pecson said in an interview on the sidelines…
First Gen clean energy plants can lower consumer electricity bills–group
Two new plants in Batangas generate clean energy that can lower the bills of Manila Electric Company Meralco subscribers and in turn help grow the manufacturing industry, an electronics group said Friday. Two facilities in Santa Rita, a 414-megawatt MW San Gabriel combined-cycle plant and a 97-MW Avion open cycle natural gas-fired plant, were inaugurated…
New projects to deliver 6,000 MW of capacity
NEW power projects with a combined capacity of 6,161 megawatts (MW) are expected to come on-stream between this year and 2020, latest data from the Department of Energy (DoE) showed. Of the committed capacity, as tallied by the DoE as of Sept. 30, more than 60% or 4,001 MW will be in Luzon. Mindanao will…
First Gen eyes foreign partners for LNG terminal
FIRST GEN Corp. is offering up to 40% of its proposed $1-billion liquefied natural gas (LNG) regasification terminal in Batangas City to prospective investors, the head of the Lopez-led company said on Thursday. “We are going through a partner selection process. We have very good names in the shortlist. We’re talking to Japanese and European…
Benham rise not yet commercially viable, says DOE usec
Energy Undersecretary Felix William Fuentebella told members of the House Committee on Energy that the Benham Rise is not commercially viable yet. Responding to a query from a legislator about the prospects of Benham Rise as a successor to the Malampaya Natural gas plant, Fuentebella cited a briefing by the Philippine National Oil Company PNOC….
Honoring Malampaya contract signals predictability, consistency – Cusi
Honoring the contract of the Malampaya gas project in Northwest Palawan will bode well for the upstream oil and gas industry as it signals predictability and consistency in government policies, officials said yesterday. In the EU-Philippines Business Summit yesterday, Department of Energy (DOE) Secretary Alfonso Cusi said the agency has strongly affirmed its position that…
Winnergy Holdings Corp. 